Laurent C. Therivel - Apr 5, 2024 Form 4 Insider Report for UNITED STATES CELLULAR CORP (USM)

Role
President and CEO, Director
Signature
Julie D Mathews, by power of atty
Stock symbol
USM
Transactions as of
Apr 5, 2024
Transactions value $
-$1,826,972
Form type
4
Date filed
4/8/2024, 05:40 PM
Previous filing
Apr 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction USM Common Shares Options Exercise +61.1K +244.52% 86.1K Apr 5, 2024 Direct F1
transaction USM Common Shares Options Exercise +55K +63.88% 141K Apr 5, 2024 Direct F2
transaction USM Common Shares Tax liability -$1.83M -51.5K -36.45% $35.50 89.7K Apr 5, 2024 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction USM Restricted Stock Units Options Exercise $0 -61.1K -100% $0.00* 0 Apr 5, 2024 Common Shares 61.1K Direct F1
transaction USM Performance Shares Units Options Exercise $0 -55K -100% $0.00* 0 Apr 5, 2024 Common Shares 55K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On April 5, 2021, reporting person was granted Restricted Stock Units (RSUs) under the United States Cellular Corporation Long-Term Incentive Plan that vest on the third anniversary of the grant date. This transaction reports the vesting of the RSUs.
F2 On April 5, 2021, reporting person was granted Performance Stock Units (PSUs) under the United States Cellular Long-Term Incentive Plan. Based on company performance the PSUs were adjusted for performance and certified by the Long-Term Incentive Compensation Committee on February 14, 2024, and became time-based. This transaction reports the vesting of the PSUs.
F3 Shares withheld to pay for taxes for RSU and PSU vestings.